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Old 01-04-2018, 12:13 AM
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Default Our"President:" Would he "kite" money

Y'ALL can draw your own opinions(as I know you will). - ABOUT THIS -


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Some common signs of an investor with a liquidity problem

By Steven Andrew
2016/06/26 · 19:01
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Many moons ago I was closely involved in the world of finance—stocks and bonds, mostly. In the investment world, liquidity refers to how fast an investment can be turned into cash. Exchange listed stocks are good examples of highly liquid investments. You may not get the price you want, but if you hold 1,000 shares of Intel and want out, you’ll get a price as fast as you can put in the order to sell. Real estate is generally not considered very liquid. If you’ve ever tried to sell a home or any other property you know why: It can take months to find a buyer and weeks to close the deal after you do.

For those who make their living owning properties, this can cause a liquidity squeeze. They may need a sizable sum of cash for one reason or another—expensive repairs for example, far beyond what a typical month’s rent on various holdings will bring in. Most real estate investors maintain a rainy day account just for this reason.

But of course, many try to cut corners. It’s not easy to leave a big chunk of money just sitting there. Which brings up a certain real estate investor who has been dominating the news lately. Follow below and we’ll review a few common signs of an investor with a liquidity problem

A liquidity crunch happens when a business person needs significantly more cash than they have in reserve. While stocks and bonds can be readily converted into cash, real estate cannot. So typically, when a real estate investor runs into this problem, the liquidity crisis shows up in several ways. Those signs include things like:

Paying creditors or employees late or short or not at all—and only when pressed.
Refusing to provide statements of assets and debts and/or refusing to provide past tax returns.
Clamming up or becoming angry or defensive when asked for details or documents.
When someone who is used to having money to burn runs short, they start juggling bills and payroll. This can descend into kiting of sorts, where a check is written against an account that can’t cover it to buy some time, while the investor moves money from another account. Think of a time when you were hard up: You pay the bill that’s the most pressing. If the power is about to get cut off, you pay that. Same for cable and internet. The easiest people to blow off are vendors and contractors you may owe money to:

At least 60 lawsuits, along with hundreds of liens, judgments, and other government filings reviewed by the USA TODAY NETWORK, document people who have accused Trump and his businesses of failing to pay them for their work. Among them: a dishwasher in Florida. A glass company in New Jersey. A carpet company. A plumber. Painters. Forty-eight waiters. Dozens of bartenders and other hourly workers at his resorts and clubs, coast to coast. Real estate brokers who sold his properties. And, ironically, several law firms that once represented him in these suits and others.

Small business owners and wealthy people alike often operate on credit for day-to-day expenses. Credit often requires documentation to set up and maintain. Suddenly being short of money is a real blow to someone whose entire self-worth is tied up in their net worth. So they tend to slow walk required documents like balance sheets or tax returns, or refuse to cough up payment and lie about it. And they refuse to answer questions about it and tend to hang on to cash and equivalents as long as possible:

As recently as last week, Trump’s campaign manager had insisted that the mogul had already given that money away. But that was false: Trump had not. In recent days, The Washington Post and other media outlets had pressed Trump and his campaign for details about how much the fundraiser had actually raised and whether Trump had given his portion. The candidate refused to provide details.

When asked gently about this behavior, or pushed to provide a necessary document, the once-wealthy business person can clam up, get defensive, or concoct implausible excuses for why they cant lay their hands on the item. The most ominous sign of all, the mark of desperation, is when they come up with documents that look suspicious, i.e., fake:

A tax lawyer and accountant who prepared Trump’s tax returns for over 20 years testified, when shown Trump’s 1984 return, that he and his firm did not prepare it. Yet he acknowledged that the signature on the photocopy was his. How might that have happened? The judge stated that the original return was never found.

Any one of those signs is a big red flag that something is amiss the investor doesn’t want to admit to. But sooner or later it starts showing up in all kinds of ways, whether they like it or not:

The latest Federal Election Commission filing reports that Trump only raised $3.1 million during May, ending the month with $1.3 million in cash on hand. To put that in perspective, Carly Fiorina, who dropped out of the race in February, reported having $930,000 in cash on May 31st, and Ben Carson, who called it quits in March, had $1.7 million. Rival Hillary Clinton, who finished out the month with a $42.5 million war chest, raised $20 million in May.

All these signs point to someone who at the very least has a liquidity crisis. That’s the charitable explanation anyway. This kind of money is rich by mortal standards, but it should be peanuts for someone worth $10 billion dollars. Which brings up another possibility:

The following is a list of things I've learned about Trump over recent months that make it clear he is worth dramatically less than he claims and think it is a real possibility that he has a net worth of less than $1 billion. None of the ten is definitive or proves he is worth a certain amount now or even that he could not be worth the $10 billion he claims. But taken together they show a chronic exaggeration of his wealth, repeated instances of financial reports that include almost comical efforts to inflate the numbers ...

Seeing as how a yuuuuge part of Donald Trump’s improbable rise rests on his alleged zillionaire status, voters have a right to know if he’s being truthful. All this speculation about his actual net worth could easily be laid to rest—if the candidate would simply release his tax returns like every other nominee has for decades.



https://www.dailykos.com/stories/201...uidity-problem

Last edited by Uncle Jim; 01-04-2018 at 12:31 AM..
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Old 01-04-2018, 07:49 AM
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Default Re: Our"President:" Would he "kite" money

yes he's a slow pay no pay why no bank in America will finance sht for him anymore.
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Old 01-04-2018, 08:57 AM
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Default Re: Our"President:" Would he "kite" money

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yes he's a slow pay no pay why no bank in America will finance sht for him anymore.
Two problems with your argument. U S banks do loan Trump money, and you are presuming foreign banks are dumber than American banks. Neither of your clams is true.

There is so much daily Trump bashing going on that I have no idea what is true or false. Trump as a business or businesses pays literally thousands of bills daily and a few have made the the slow pay claim. Most continue to do business with him.
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Old 01-04-2018, 10:54 AM
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Default Re: Our"President:" Would he "kite" money

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Originally Posted by jimbo View Post
Two problems with your argument. U S banks do loan Trump money, and you are presuming foreign banks are dumber than American banks. Neither of your clams is true.

There is so much daily Trump bashing going on that I have no idea what is true or false. Trump as a business or businesses pays literally thousands of bills daily and a few have made the the slow pay claim. Most continue to do business with him.
he owes money on real estate.

As a young man, Trump's father co-signed his loans. Once he became famous, banks rushed to lend him money. But they became skeptical about Trump following his many bankruptcies. So his main lenders became Deutsche Bank and Ladder Capital, but both securitize his debt to spread the risk.
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Republican pollster Frank Luntz quoted a report and said that 43 percent of immigrants from African countries have a bachelor’s degree or higher, compared with 33 percent of the American population overall.
“Nigerian-Americans, for instance, have a median household income well above the American average.”
https://www.bloomberg.com/view/artic...el-in-the-u-s-
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Old 01-05-2018, 09:07 PM
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Default Re: Our"President:" Would he "kite" money

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Originally Posted by saltwn View Post
he owes money on real estate.

As a young man, Trump's father co-signed his loans. Once he became famous, banks rushed to lend him money. But they became skeptical about Trump following his many bankruptcies. So his main lenders became Deutsche Bank and Ladder Capital, but both securitize his debt to spread the risk.
Seems that anyone that "MAKES GOOD" in this country - or maybe ANY country - must "start good."

Hitler had a version of those he felt were running things in his time: "Tired Sons of Wealthy Playboys." WELL??
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Old 01-06-2018, 12:56 AM
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Default Re: Our"President:" Would he "kite" money

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Seems that anyone that "MAKES GOOD" in this country - or maybe ANY country - must "start good."

Hitler had a version of those he felt were running things in his time: "Tired Sons of Wealthy Playboys." WELL??
no but it is getting harder
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Republican pollster Frank Luntz quoted a report and said that 43 percent of immigrants from African countries have a bachelor’s degree or higher, compared with 33 percent of the American population overall.
“Nigerian-Americans, for instance, have a median household income well above the American average.”
https://www.bloomberg.com/view/artic...el-in-the-u-s-
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Old 01-06-2018, 08:54 AM
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Default Re: Our"President:" Would he "kite" money

Quote:
Originally Posted by saltwn View Post
he owes money on real estate.

As a young man, Trump's father co-signed his loans. Once he became famous, banks rushed to lend him money. But they became skeptical about Trump following his many bankruptcies. So his main lenders became Deutsche Bank and Ladder Capital, but both securitize his debt to spread the risk.
Wow, what a scandal a real estate developer that operates on borrowed money. It is called leverage, an essential part of real estate development. Without debt only the very wealthy could capitalize real estate development. But the fact that debt is a routine part of the business doesn't matter, it sounds scandalous so it must prove Trump is evil.
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Old 01-06-2018, 03:25 PM
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Default Re: Our"President:" Would he "kite" money

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Wow, what a scandal a real estate developer that operates on borrowed money. It is called leverage, an essential part of real estate development. Without debt only the very wealthy could capitalize real estate development. But the fact that debt is a routine part of the business doesn't matter, it sounds scandalous so it must prove Trump is evil.
He's never paid 9 million or so for borrowed money on a failed casino. Deutsche bank only loans him on security. And then he has the name and most stuff under that isn't owned by him. He does I think own Mar A Lago along with its debt.
But the question is does he float money that isn't his own. In other words like a bad check does he sometimes borrow heavily never intending to pay? I say looking at his track record yes.
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Republican pollster Frank Luntz quoted a report and said that 43 percent of immigrants from African countries have a bachelor’s degree or higher, compared with 33 percent of the American population overall.
“Nigerian-Americans, for instance, have a median household income well above the American average.”
https://www.bloomberg.com/view/artic...el-in-the-u-s-
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Old 01-06-2018, 08:57 PM
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Default Re: Our"President:" Would he "kite" money

Its a proven fact by now that Trumps entire business empire was built on Russian Mob money. I used to think it was Putin that owned Trump, and he does have dirt including some sick Tapes involving Trump, but its Semion Mogilevich, who actually owns both Putin and Trump.

Here is a good place to start.

https://newrepublic.com/article/1435...rime-syndicate
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Old 01-06-2018, 10:23 PM
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Default Re: Our"President:" Would he "kite" money

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no but it is getting harder
I'll have to agree here...I was sort of being "figurative" to quite general on this one but believe the general idea holds.
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